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    PEAK Sports Did Not Plan To Adjust Distributors' Dismantling In 2011

    2011/3/16 10:44:00 78

    PEAK Sports Plan Adjusts Distributor Dismantling

      

    PEAK Sports

    As of the end of 2010, the total turnover rose 37.3% to 4 billion 250 million yuan (the same below), gross profit rose 39.4% to 1 billion 620 million yuan, gross profit margin increased from 37.5% to 38%, net profit rose 30.9% to 820 million yuan, 39.19 cents per share, and 10 dividend at the end.

    12 in the same period last year.


    The increase in gross profit margins and the decrease in advertising and promotional expenses in total revenue only offset the increase in some effective tax rates.

    Net profit margin dropped from 20.3% to 19.4%


    During the period, PEAK authorized the number of retail outlets to reach 7224, with a net increase of 1018.


    Chief executive officer

    Xu Zhi Hua

    The company's net interest rate fell by 9 points to 19.4% last year, mainly from 10.6% to 17.6%, the company said.

    The company plans to open 800 sales outlets this year, less than 1000 last year, and each shop area increased from 76 square meters last year to more than 90 square meters this year.


    He expects capital expenditure of 2 billion yuan in the next three years.

    It plans to invest 150 million yuan this year to increase the footwear production capacity of Jiangxi by 7 million pairs, to 15 million 700 thousand in 2013, while the clothing factory in Fujian increased by 9 million 100 thousand to 18 million 700 thousand.


    The first three quarters of this year

    Order-placing meeting

    The average growth is 23%-25%, and the expected order will maintain the first three quarter growth.

    As the cost is expected to rise by 5%-10% this year, the price of the order products has increased by 5%-10% in the first three quarters of this year.

    However, the sales structure of footwear is different, the average selling price is falling, but the gross profit margin can increase. The gross profit margin is expected to increase steadily this year.


    He also pointed out that the same store sales increased by 12.5%-15.3% last year, and it is expected that the same store sales will have a high number of units this year.

    In addition, the company has no plans to adjust this year.

    distributor

    The deduction will be adjusted from 62% off to 60 percent off next year.

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